REGISTERED NUMBER: 12644606 (England and Wales)

Audited Financial Statements

for the Period 1 August 2024 to 31 December 2025

for

Ryan Tax Services NI Limited

Previously known as

Inspired Corporate Advisory Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

George B. Ryan

Thomas R. Shave

REGISTERED OFFICE:

100 Liverpool Street

London

England

EC2M 2AT

REGISTERED NUMBER:

12644606 (England and Wales)

INDEPENDENT AUDITORS:

Saffery LLP

71 Queen Victoria Street

London

EC4V 4BE

FIXED ASSETS

Tangible assets

4

116,193

263,310

CURRENT ASSETS

Stocks

-

517,017

Debtors

5

2,362,177

423,199

Cash at bank

702,755

402,789

3,064,932

1,343,005

CREDITORS

Amounts falling due within one year

6

(2,220,710

)

(1,212,367

)

NET CURRENT ASSETS

844,222

130,638

TOTAL ASSETS LESS CURRENT LIABILITIES

960,415

393,948

PROVISIONS FOR LIABILITIES

8

(22,585

)

-

NET ASSETS

937,830

393,948

CAPITAL AND RESERVES

Called up share capital

9

3

3

Other reserves

10

711,820

-

Retained earnings

10

226,007

393,945

SHAREHOLDERS' FUNDS

937,830

393,948

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

George B. Ryan - Director

1.	STATUTORY INFORMATION

Ryan Tax Services NI Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The current reporting period has been extended to a 17 month period to align with the group. Due to this change, the prior year comparatives are not directly comparable.

The company passed a special resolution on 6 November 2025 changing its name from Inspired Corporate Advisory Ltd to Ryan Tax Services NI Limited.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a basis other than going concern given that subsequent to the year end, the directors plan to hive up the trade and assets to Ryan Tax Services UK Limited as part of the group's restructuring process. As a result, Ryan Tax Services NI Limited will cease to trade as an individual entity.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgement (apart from those involving estimates) has had the most significant effect on amounts recognised in the financial statements.

Share-based payments

The company assessed that it is not probable that vesting will occur during the service period. Vesting of these share options is contingent upon the occurrence of an initial public offering or other qualifying liquidity event. When assessing the probability, the directors have considered the factors and likelihood of the share options vesting. As a result, no expense has been recognised in the financial statements in relation to the share options held by employees.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The company performs services for clients under engagement-specific contracts. Such contracts generally specify the agreed upon scope of the engagement, the time periods covered by the engagement, the client’s responsibility in providing information to and cooperating with the Company, and the fee payable to the Company.

The services performed are recognised with reference to the stage of completion of the transaction, measuring it against the proportion of the service contract being completed and when the performance obligations are satisfied.

Turnover from contracts which are generated from Research and Development claims, Capital Allowance and Patent Box claims recognises the stage of completion when the claim has been filed or completed reports provided to client. Fees are calculated on a percentage of the claim value.

Turnover from tax advisory or compliance is recognised when or as the performance obligation is satisfied. This includes engagements on time and expenses incurred, fixed fee or a combination fee basis.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

- 20% straight line

Office equipment

- 20% straight line

Leasehold Property

- 20% straight line

Plant and machinery

- 20% straight line

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share-based payments

The company assessed that vesting of the share options is not expected to occur during the service period. Vesting of these share options is contingent upon the occurrence of an initial public offering or other qualifying liquidity event.The directors have assessed the likelihood of a qualifying liquidity event occurring and concluded that vesting is not probable as at 31 December 2025. As a result, no expense has been recognised in the financial statements in relation to the share options held by employees.

Employee benefits

The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

Change in accounting estimate - work in progress

Following the acquisition of the Company during the year, the directors reviewed the recoverability and measurement of work in progress relating to contingent fee engagements, in order to align with the Group. Due to the inherent uncertainty in the outcome of these engagements and the absence of an enforceable right to consideration until the relevant contingency is satisfied, the directors concluded that the appropriate estimate of work in progress at the reporting date is nil.

The effect of the change was to decrease work in progress by £517,017 at the reporting date and decrease profit before tax by £517,017 for the current year. Comparative figures have not been restated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Motor

buildings

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 August 2024

658

29,631

178,418

174,619

383,326

Additions

26,875

-

7,500

-

34,375

Disposals

-

(28,416

)

(666

)

(174,619

)

(203,701

)

At 31 December 2025

27,533

1,215

185,252

-

214,000

DEPRECIATION

At 1 August 2024

538

21,836

41,259

56,383

120,016

Charge for period

6,883

4,013

47,923

23,282

82,101

Eliminated on disposal

-

(24,634

)

(11

)

(79,665

)

(104,310

)

At 31 December 2025

7,421

1,215

89,171

-

97,807

NET BOOK VALUE

At 31 December 2025

20,112

-

96,081

-

116,193

At 31 July 2024

120

7,795

137,159

118,236

263,310

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.7.24

£

£

Trade debtors

1,705,074

254,705

Other debtors

-

150,220

Prepayments and accrued income

657,103

18,274

2,362,177

423,199

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.7.24

£

£

Bank loans and overdrafts

-

9

Trade creditors

17,907

20,652

Amounts owed to group undertakings

949,084

715,489

Taxation and social security

240,161

459,387

Other creditors

1,013,558

16,830

2,220,710

1,212,367

The comparative balance of £715,489 previously included within Other creditors has been reclassified to Amounts owed to group undertakings. This reclassification has been made to improve the presentation of the financial statements.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.7.24

£

£

Within one year

18,875

18,875

Between one and five years

40,896

69,208

59,771

88,083

The lease payments expense recognised in the year is £43,599 (2024: £43,068).

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.7.24

£

£

Deferred tax

22,585

-

Deferred

tax

£

Utilised during period

(43,242

)

Prior year under provision

65,827

Balance at 31 December 2025

22,585

All the deferred tax liability relates to corporation taxation treatment of capital expenditure being more rapid than the accounting depreciation treatment.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.7.24

value:

£

£

1

ORDINARY A

£1

1

1

1

ORDINARY B

£1

1

1

1

ORDINARY C

£1

1

1

3

3

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the company. All ordinary shares rank equally with regard to the company's residual assets.

10.

RESERVES

The other reserves movement relates to the waiver of a loan to Inspired Corporate Group Ltd, the parent company prior to 30 May 2025.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	POST BALANCE SHEET EVENTS

Subsequent to the year end, the directors plan to hive up the trade and assets to Ryan Tax Services UK Limited as part of the group's restructuring process. Following this the company will cease to trade as an individual entity.

14.	ULTIMATE CONTROLLING PARTY

Prior to 30 May 2025, the company's immediate parent was Inspired Corporate Group Limited, incorporated in Northern Ireland.

On 30 May 2025, the company was acquired by Ryan Tax Services UK Limited, a private limited company registered in England and Wales. Ryan Tax Services UK Limited is a wholly owned subsidiary of Ryan NL Cooperative UA, a cooperative registered in the Netherlands.

The ultimate controlling parent company is Ryan Tax Holdings, Inc, a company registered in the USA. The directors consider George B. Ryan to be the ultimate controlling party.

Ryan LLC is the largest and smallest group in which results are consolidated. The consolidated financial statements of Ryan LLC and subsidiaries can be obtained from Companies House and from the following address:

8101 Windrose Avenue

Suite 2000

Plano, Texas 75024-0478

USA

15.	SHARE-BASED PAYMENT TRANSACTIONS

Ryan Tax Holdings, Inc, the ultimate controlling parent company, has granted share options to certain employees of Ryan Tax Services NI Limited. The vesting of these share options is contingent upon the occurrence of an initial public offering or other qualifying liquidity event.

The directors have assessed the conditions attached to the awards at 31 December 2025, taking into account the significant uncertainties surrounding the occurrence and timing of any qualifying liquidity event. Based on that assessment, the directors have concluded that the occurrence of a qualifying liquidity event is neither probable nor more likely than not as at the reporting date. Accordingly, no share based payment expense has been recognised in the profit and loss account during the year (2024: £Nil).

As a qualifying entity under FRS 102, Ryan Tax Services NI Limited has taken advantage of the disclosure exemptions available under Section 26 Share-based Payment. Equivalent disclosures are included in the consolidated financial statements of Ryan LLC, in which Ryan Tax Services NI Limited.